Oct 12, 2017 10:08
7 yrs ago
35 viewers *
English term

Security Agent

English to Arabic Law/Patents Law (general) Business and Investment (agreements)
the Common Terms Agreement referred to below (the “Security Agent”) for and on behalf of the Secured Parties.

Discussion

Mohammed Majeed (asker) Oct 12, 2017:
We understand that this opinion is provided to you pursuant to the requirements of paragraph 15([●]) of Part A of Schedule 3 of the common terms agreement (the “Common Terms Agreement”), to be entered into on the date hereof, between XXX LNG Company Ltd. (the “Company”), the Security Trustee, the Security Agent and others.
Muhammad Atallah Oct 12, 2017:
More context! Please provide the complete sentence.

Proposed translations

+2
22 mins
Selected

وكيل الضمان

Collateral Agent, also known as a security agent: The financial institution that holds the collateral on behalf of the lenders under a syndicated loan agreement as security for performance of the borrower’s obligations under the loan agreement. The borrower grants a security interest in the collateral to the collateral agent on behalf of the lenders, and the collateral agent, as secured party under the UCC, takes all necessary administrative and enforcement actions with respect to the collateral on behalf of the lenders.

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Note added at 23 mins (2017-10-12 10:31:41 GMT)
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Please check this document: https://www.tabreed.ae/uploads/documents/Senior Term & Revol...

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Note added at 41 mins (2017-10-12 10:50:15 GMT)
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Yes, I think so.
Note from asker:
شكرا أخ محمد Can we say: وكيل الضمانات؟ as it sounds more natural and smoother in Arabic
Peer comment(s):

agree Samar Higazi
1 day 13 hrs
agree Mais Hamad
4 days
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4 KudoZ points awarded for this answer. Comment: "Selected automatically based on peer agreement."
9 mins

فرد أمن / عميل أمني

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11 mins

وكيل تأمين

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